under the ethical standards of the profession which of the following arrangements wi 620620

Burrow & Co., CPAs, have provided annual audit and tax compliance services to Mare Corp. for several years. Mare has been unable to pay Burrow in full for services Burrow rendered nineteen months ago. Burrow is ready to begin fieldwork for the current year’s audit. Under the ethical standards of the profession, which of the following arrangements will permit Burrow to begin the fieldwork on Mare’s audit?

a. Mare sets up a two-year payment plan with Burrow to settle the unpaid fee balance.

b. Mare commits to pay the past due fee in full before the audit report is issued.

c. Mare gives Burrow an eighteen-month note payable for the full amount of the past due fees before Burrow begins the audit.

d. Mare engages another firm to perform the fieldwork, and Burrow is limited to reviewing the workpapers and issuing the audit report.